Archived News

MUMBAI, Sept 4 (Reuters) - India's edible oil imports in August rose 5% to a record 1.85 million metric tons as refiners purchased more than 1 million tons of palm oil for the second consecutive month to build stocks for upcoming festivals, four dealers told Reuters.

{JAKARTA] PALM oil should be included as feedstock for the production of sustainable aviation fuel (SAF), said Acting Transport Minister Chee Hong Tat.

KOTA KINABALU (Sept 4): The state government needs to be more proactive, especially to introduce policies which are more attractive and competitive to attract Foreign Direct Investment (FDI), if it aspires to develop its palm oil downstream industry.

NAPERVILLE, Illinois, Sept 4 (Reuters) - The second half of August was exceptionally dry in the U.S. Corn Belt, likely trimming yields for corn and especially soybeans due to their reliance on late-season moisture. Speculators responded by boosting their bullish Chicago soybean bets, which they have held for more than three years, and easing bearishness in corn futures.

JAKARTA: Malaysian palm oil futures ended lower on Monday, dragged down by weaker rival oils on the Dalian and Zhengzhou Commodity Exchanges.

04/09/2023 (Asia Nikkei), Jakarta / Kuala Lumpur - Weak prices for palm oil, a worsening outlook and a backlash against the commodity over deforestation concerns are pushing Indonesia and Malaysia -- the world's biggest producers -- to boost domestic use through developing jet fuels and expanding biodiesel programs.

04/09/2023 (The Borneo Post), Miri - Yiek Siew Teck, a third-year chemical engineering student of Curtin University Malaysia (Curtin Malaysia) was recently announced as winner of the POPSIG-KLK Palm Oil Video competition. Held by the IChemE Palm Oil Processing Special Interest Group (Popsig), the competition served as a platform for engineering talents to showcase their innovative ideas and perspectives on the palm oil industry.

03/09/2023 (New Straits Times), Gopeng - The Domestic Trade and Cost of Living Ministry will introduce a subsidy programme targeting packet cooking oil in stages next year.

03/08/2023 (Free Malaysia Today), Petaling Jaya - Food vendors and petty traders, including those selling “pisang goreng” and “keropok” have been urged to register their businesses so that they will be included in the cooking oil subsidy scheme.

02/09/2023 (Energy Portal EU) - Palm oil, known for its deep red hue and earthy flavor, is a versatile ingredient that is widely used in many African and Asian cuisines. While it has a somewhat strong odor, its taste is quite mild, making it ideal for enhancing the flavors of various dishes.

03/09/2023 (News Ghana) - The government of Tanzania has embarked on a program to strengthen agricultural research institutes to enable them to carry out research on the production of high-quality palm oil and sunflower seeds to enhance the production of edible oil locally, a senior official told parliament on Friday.

An unusually dry August has taken a toll on cereal and oilseed crops in Asia as El Nino intensified, and forecasts for lower rainfall in September are further threatening to disrupt supplies.